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Posted inNews

Alibaba’s offline expansion widens to home furnishing with 15% stake purchase in Easyhome

Alibaba has taken another step in its quest to build a new retail empire. The Chinese tech titan announced today that it will invest approximately RMB 5.45 billion (around $866 million) for a 15% stake in Easyhome (居然之家), China’s leading home improvement supplies and furniture chain operator. Alibaba will support the digital transformation of Easyhome’s […]

Posted inNews

Brain King becomes first WeChat mini program banned by regulators for “distorting history”

Brain King (大脑王者), a popular quiz-like social game, became the first WeChat mini program to get a taste of the long arm of Chinese regulators. On Tuesday night, the mini program was suspended. Tencent’s WeChat team announced that Brain King violated rules for managing public information services on IM platforms and urged mini programs to rectify themselves, […]

Posted inNews

China’s internet faster for 11 consecutive quarters, Shanghai still speediest

China’s overall internet speeds for the third quarter have surpassed 15Mbits per second for both download and upload, mobile and fixed line broadband, celebrated as the “double double”, according to the “China Broadband Speed Report” from the country’s Broadband Development Alliance (in Chinese). Fixed line broadband speeds have increased for 11 consecutive quarters since the 2015 […]

Posted inNews

China’s obsession with QR codes

It’s no secret that China remains a leading force in the mobile payments sector thanks to the easy access of smartphones. In 2016, the transaction volume of mobile payments in China has reached RMB 35.33 trillion ($5.61 trillion), and is projected to reach RMB 295.99 trillion ($47 trillion) in 2019, according to research firm Analysys […]

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